Industrial metals futures advanced to levels not seen in 11-months on Friday as a robust U. S. consumer spending report suggested demand for the metal might increase going forward, but later pulled off that peak when another report showed that consumer sentiment eased slightly in August.

Reuters/University of Michigan Surveys of Consumers' final August consumer sentiment fell to 65.7 from July's final reading of 66.0.

China's buying binge of refined copper from Japan shows signs of slowing, much as anticipated by Japanese industry, which has benefited from its neighbour's voracious appetite at a time of slow demand at home.

Bulgaria's largest zinc and lead smelter, KCM, will boost output of both metals this year despite as the market situation improves, the company said on Friday.

South Korea has issued a tender to buy 6,000 tonnes of primary aluminium ingot for shipping between Oct. 1 and Nov. 30, the state-run Public Procurement Service said on Friday.

The momentum in industrial metals is expected to remain sideways to down during the day as liquidity concerns in China may weigh down on prices. We do not see prices shooting up from these levels.